Unfortunately, this relationship did not turn out the way we had hoped, and after falling short of their budgets and projections, we terminated them and proceeded to build out our own property management company to manage the facilities in the fund.

However, I decided not too proceed with the mentorship either.

Not 40% of the proceeds if it was only two of the five years? 

Hi Guys,in FL,HOA is foreclosing on a house in a week - Lien of 25k.the property also has a 1st position loan (Reverse mortgage)  that also just started proceedings with no set date or "Final Judgement" numbers yet.On the details of the 1st reverse mortgage foreclosure, its only mentioned that there is 320k principal balance due.The original note of the 1st was issued 2009, with a total sum of 650k, payble up to 2081 (!!).

You have the potential of something really great here, you just want to proceed slowly and not dunk your money until you can legally confirm it will be your return on investment.

If they don't, proceed to filing for eviction.

You take the "free" proceeds from the worst-performing properties or ones in need to the most work and invest them into better properties.

So it's kinda a first for me to run into this problem, just want some advice on how I should proceed with this.  

Any list you can pull for a few bucks has already been hammered by hordes of investors before you.Not saying this way can't work, but I recommend a different path...I prefer to focus on sellers who have a reason to sell but who require some effort and skill to identify.My favorites are #TiredLandlords, namely owners who have filed an eviction lawsuit against their non-paying tenants.Many of these folks are through being in the rental business and are open to hearing about a way out.Even better, #TiredLandlords are ideal candidates for seller financing, since they don't need the sale proceeds to buy another house, PLUS they are already conditioned to receiving monthly payments over a period of time.

We also have a decent savings account and a strong income, so we’re in a good financial position to make some moves with these properties.I’d love any advice on how to proceed, including options I might not have considered, and how to best manage or renovate these properties for the long term.